The government understands the benefit of solar, and has started to offer tax incentives for renewable solar power at both the state and federal level. The largest tax break you can expect is from the federal government, which knocks a full 30% off the cost of your system. That is a substantial savings for something that will continue to save you money for years to come. State tax incentives vary by state, and the funding may not last as long, as most programs run on a first-come, first-serve basis. Check with your state to calculate the exact benefit available to you.
Stabilize Energy Prices
Energy prices are continually on the rise no matter where you live. You may have noticed your bills getting higher each year for roughly the same usage, which can be quite frustrating. One of the biggest incentives of installing solar is that you can basically eliminate energy costs. Of course, you will need to pay for the equipment and installation, and if you finance the whole project, you will pay that monthly bill. However, the energy you receive from your panels will come to you at no cost once the panels are paid off, and as long as you don’t need to purchase any additional electricity, you will no longer have a monthly power bill. You may even be able to make a little bit of money if your system is set up for net metering, and you are able to feed extra electricity produced by your panels back into the grid. However, winter is different as you can read from Solar panels for winter article.
Reduce Carbon Footprint
Most things you do on a daily basis leave a carbon footprint, or in other words, an environmental impact that damages the world around you. While it may be nearly impossible to create no environmental impact during your life, you can reduce it by installing solar on your home, and you can reduce it even more by trying to cut down on energy usage whenever possible. Because solar energy can be created as long as the sun shines, it is a great sustainable resource. By installing home solar panels, you can do your part to keep the environment beautiful and green for as long as possible.